Huntington launches health care finance unit


The Columbus, Ohio, bank has hired a former executive from Bank of America to run the new business, which will target physician, dentist and veterinary practices.


An online-only bank's bold plan for small-business lending


First Internet is poised to acquire an SBA lending team to help it meet an ambitious loan target for the year — a target the CEO plans on doubling in coming years.


Pennsylvania bank works to stem damage from CEO’s fraud arrest


While Noah Bank’s CEO has been accused of self-dealing in connection with SBA loans, its chairman says the directors had a succession plan ready to go and are rallying to rescue the bank’s reputation.


First Internet to buy SBA platform from Colorado bank


First Internet will gain lenders and servicing staff, along with offices in Chicago and Indianapolis, from the deal.


Data privacy, AI, regulation: Small-business lending is changing fast


The forces reshaping small-business lending are also leading to “a moment of reckoning” for small banks, says former SBA head Karen Mills.


Buyer avoids red tape, seller builds on strength in Sound Bank deal


The deals lets a North Carolina group skip the de novo process. West Town, which sold the bank, will use the funds to support a fast-growing business line.


Will fee fight cause another SBA shutdown?


Lawmakers from both parties oppose a Small Business Administration proposal to raise guarantee fees. The clash could lead to a halt in operations this fall.


Government pushing to spur more business loans by credit unions


The National Credit Union Administration and the Small Business Administration have established a program to boost SBA lending by credit unions, which was very light last year. It is sure to irk bankers, who have raised competitive concerns.


Lawmakers, lenders aren't buying SBA's argument for higher loan fees


The chairwoman of the House Small Business Committee promised to block action on the agency's budget unless it can justify its fee-hike request.


SBA's rationale for raising fees: More loans will go bad


Lenders argue that the move is premature, citing record-low charge-offs in the agency's 7(a) program.